- USDTHB: moving in the range 33.445 - 33.49 this morning, supportive level at 33.32 resistance level at 33.52
- SET Index: 1,602.6 (-0.51%), 24 Sep 2026
- S&P 500 Index: 7,704.1 (-0.02%), 24 Sep 2026
- Thai 10-year government bond yield (interpolated): 2.344 (+6.97 bps), 24 Sep 2026
- US 10-year treasury yield: 5.18 (+7.00 bps), 24 Sep 2026
- US labor market remains resilient as decline in jobless claims
- Fed officials signal further rate hikes amid decade-high bond yields
- US preparing plan for 90-day diesel exports ban
- BoE deputy signals higher likelihood of rate hike if energy prices stay elevated
- Japan’s economic activities continued to expand in September
- Dollar gains on US economic strength and hawkish Fed comments
US labor market remains resilient as decline in jobless claims
The US Department of Labor reported that the Initial jobless claims fell to 197,000 in the week ending September 19, lower than the prior week's revised level of 198,000, undershooting market expectations of 201,000 and remaining near historically low levels. The four-week moving average also declined to 202,250, signaling continued labor market resilience. Meanwhile, continuing claims edged up slightly to 1.719 million but remained below consensus forecasts, up 2,000 from the prior week's revised figure of 1.717 million. However, the number came in 31,000 below the market consensus of 1.75 million.
Fed officials signal further rate hikes amid decade-high bond yields
New York and Philadelphia Fed presidents indicated that additional, data-dependent rate increases are "reasonable" after the latest hike to 3.75%-4%, as markets price in multiple further moves and long-term US Treasury yields reach highs since 2004. This tightens financial conditions and raises downside risk for rate‑sensitive assets. Higher policy expectations and yields could pressure US equities and support an overweight stance in the Dollar Index while keeping US Treasuries relatively unattractive.
US preparing plan for 90-day diesel exports ban
The Trump administration is preparing a plan to ban exports of diesel for 90 days, despite splits inside the administration and with the oil industry. A ban, the legal process of which is still being worked out, has been opposed by U.S. fuel producers who have warned that any short-term benefit would be outweighed by higher fuel prices in the future. Any halt to shipments would be the first restriction on U.S. energy exports since the Obama administration lifted a decades-old ban on oil exports in 2015.
BoE deputy signals higher likelihood of rate hike if energy prices stay elevated
The Deputy Governor, Monetary Policy of Bank of England (BoE) Clare Lombardelli said during a speech in Warsaw that the UK’s inflation outlook is increasingly shaped by volatile energy prices following the Middle East conflict. Direct effects have lifted inflation broadly as expected, but indirect pass-through into wider prices remains limited, while economic activity and consumption have proved resilient. The key policy risk is that persistently high energy costs eventually influence inflation expectations, wages and domestic price-setting, creating second-round effects. Although monetary conditions are restrictive and Bank Rate remains at 3.75%, policy may need to tighten if elevated energy prices persist without clearer evidence of disinflation or weaker demand. Future decisions will remain data dependent.
Japan’s economic activities continued to expand in September
According to the S&P Global Flash PMI, the Japan’s composite output index fell to 52.5 in September from 53.5 last month. Manufacturing remained the main growth driver, supported by a weak yen that boosted exports and generated one of the strongest rises in export orders on record. However, ongoing supply-chain disruptions linked to Middle East tensions continued to delay deliveries and raise costs. Inflation pressures remained elevated across both goods and services, keeping overall price growth near record highs.
Dollar gains on US economic strength and hawkish Fed comments
The 10-year government bond yield (interpolated) on the previous trading day was 2.344, +6.97 bps. The benchmark government bond yield (LB365A) was 2.290, +6.86 bps. Meantime, the latest closed US 10-year bond yields was 5.18, +7.00 bps. USDTHB on the previous trading day closed around 33.24 Moving in a range of 33.445-33.49 this morning. USDTHB could be closed between 33.32-33.52 today. The dollar has support from signs of strength in the US labor market, also, hawkish Fed comments. Markets are pricing in more than 60% chance of a +25 bp Fed rate hike at the next FOMC meeting on October 27-28. US long-dated treasury yields also rose to their highest in more than 20 years, extending a global selloff that has accelerated. Oil prices swung higher after news of attacks inside Saudi Arabia and forceful statements from US and Iranian leaders were tempered by reported dealmaking efforts between Washington and Tehran.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
